Tenant: Family Dollar Premises: 8,320 SF Renewal Options: 6 x 5 Years
Lease Expiration: 5/31/31 Lease Type: Absolute NNN Rental Increases: 10% at Year 11 and at Options
New Construction 15 Year Absolute NNN Lease Available Q1 Of 2017
Rare Brick Construction and Upgraded Landscaping
Ideal Price Point with Below Market Rent
Corporate Guaranteed Lease – NYSE (DLTR) Stock Up Approximately 170% Since 2011
Family Dollar is Considered the Largest Small-box Discount Retailer
Family Dollar was Recently Acquired by Dollar Tree and Combined Have Over 13,000 Locations Nationwide
Approximately 10 Miles from Downtown Memphis, TN with a Population of 137,645
Well Located Family Dollar With Excellent Demographics
In Cooperation with Curt Green & Company – Arkansas Lic # PB00005685
Tenant Overview
ABOUT FAMILY DOLLAR
One of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.
CHESAPEAKE, Va. – July 6, 2015 – Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, announced that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality, private brand merchandise.
Dollar Tree, a Fortune 500 Company, now operates more than 13,800 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.